Why global Bitcoin and tech entrepreneurs are investing heavily in second citizenships

Over the last thirty years huge changes have occurred in the global financial industry, particularly with the rapid pace of development in the technology and information sectors. With each new change comes a new set of challenges, opportunities and costs. High net worth individuals such as cryptocurrency and tech entrepreneurs engaged in these areas must adapt to these changes, essentially in order to survive and thrive.

Cryptocurrency (such as Bitcoin)investors now face an increasing number of changes as governments alter and update regulations around the growing crypto market. With forward-thinking investors looking to shore-up their financial, residential and investment options, particularly those from Russia, China and Turkey, citizenship by investment is booming.

 

Uncertainty

Uncertainty in any market can be damaging. Those who are best able to adapt to new laws regarding cryptocurrencies stand a better chance of weathering this uncertainty and prospering.How will such volatility affect the capacity to hold these assets? What’s going to happen with Brexit? What’s likely to happen within the banking system to affect the conversion of cryptocurrency into traditional currency or other assets?So whilst the strength of cryptocurrencies themselves is obviously important, it’s the wealthy individual’s home government dictating how their money can be used which is really vital; it’s just another reason why Bitcoin traders and other high net worth individuals might wish to distance themselves from a country they feel is trying too hard to financially control them. At the very least, they may well aim to keep another option in their back pocket – another country of residence and/or a second passport. By using second citizenship as a back-up plan, these individuals retain the option of ‘breaking free’ of one country in favour of another.

 

Opportunity cost

Governments across the world are currently working to enforce regulation of things like ICOs (Initial Coin Offerings) that use cryptocurrencies tofund other enterprises. Some countries are not able to participate in certain ICOs because those operating the fundraising operation have set up certain exclusions. For example, it could be that they don’t want people with a particular citizenship or residence permit, or who have an address from a specific country. Over time, the investment of cryptocurrency into ICOs is likely to get harder, and high net worth individuals will want to mitigate this as much as possible.

 

Liquidity

The aforementioned uncertainty also has a strong influence on liquidity. With increasing regulations, what might banks do if a wealthy entrepreneur wants to cash out, especially if they have a ‘unfavourable’ citizenship?There are certainly plenty of ways to use cryptocurrencies which are unrelated to banks, but again, for individuals who wish to eventually own other assets, liquidity could well become a problem thanks to increased regulation.

 

The trouble with passports

Like most things in life, not all passports are created equal and some passports place a restriction on travelling to certain countries. Indeed the presence of particular stamps in a passport when entering a country can also bar entry for the holder (for example some Arab countries will not permit passports containing Israeli entry stamps).

Even the way in which a citizen of one country applies for a passport, and the time it takes to process, will vary depending on the country. Take Russia for example. Standard 5-year and 10-year laminated biometric passports take one to four months to be issued, depending on circumstances. If an application is made to a consulate outside of Russia it takes three months; a long time in the world of cryptocurrency. Some consulates even require an appointment to be made prior to the applicant being able to provide documents to support their passport application. In some cases, these appointments are only available many months or even years into the future, again making the process long and protracted.

Additionally, if a passport is lost or has expired, applications for the new passport could well not be accepted from someone who is abroad, before citizenship has been verified. The consuls in this case require a separate application to be made in person, again usually taking many months to sort out.

 

How can second citizenship by investment help?

High net worth Bitcoin investors and tech entrepreneurs can choose the route of citizenship by investment in another country, for example a Caribbean nation, in order to enjoy the opportunities and stability a second passport will bring. By making a one-off minimum investment into a country, or by purchasing pre-approved real estate, wealthy individuals then gain second citizenship of that country with all the benefits that entails.

Citizenship by investment offers global mobility alongside professional and personal freedom for successful applicants and their families. Citizenship of a participating Caribbean country means being able to work and live anywhere in the UK or EU (visa dependent), without the longer delays and restrictions. For people with ‘strong passports’ i.e.UK, EU, Australian or American passport holders – this is not something they need to worry about. For others, a ‘weaker’ passport can be a very stark barrier to success. Obtaining this second citizenship is a very good way to insure not only against your home country’s economic instability, but also war, political unrest or any other event that can potentially lead to displacement. For the increasing number of people for whom these are very real worries, citizenship by investment can offer valuable peace of mind.

High net worth individuals issued withsecond citizenships can essentially enjoy the freedom to leave their country of primary citizenship – financially as well as physically -if the worst should happen. As a serious crypto investor or tech entrepreneur, a defensive game plan in place is no bad thing. It can always be kept in their back pocket as a proactive strategy to ensure future success.

 

Contact us

If you are interested in any aspect of citizenship by investment or would like to speak to our expert team, please do get in touch today. We will be pleased to assist in any way we can.

You can email us on contact@citizenshipsbyinvestment.com or use our contact form.

How High Standard Education Is Fuelling a Booming Second Passport Industry

With public school fees reaching anything up to £30,000 a year, many independent day and boarding schools have already diversified from their traditional British middle class base in favour of plugging into the needs of the ultra-wealthy global elite. Indeed, a UK education for a foreign national is something of a highly prized commodity.

Although the Independent Schools Council has recently reported a slight decrease in applications from UK families for public school places, the number of applications from foreign families are on the up. According to latest statistics, just over 5% of children currently attending public schools are foreign-born, with parents who live overseas. Of these children, the biggest proportion are of sixth-form age and reside predominantly in boarding schools.

 

Who’s most interested?

With business becoming increasingly global, the chance for children of high net worth individuals to mix with people from a diverse range of nationalities is very appealing. Many high performing independent British schools in fact launch recruitment drives in countries boasting a progressively affluent middle-class, such as China, Turkey and Russia.

Chinese students represent the largest proportion of overseas pupils at UK public schools by a sizeable proportion; in fact it has increased by over 190% over the past ten years.

 

Brexit and the weakening pound

Quality of life and access to the highest quality educational establishments are key drivers in pushing demand for a British education. Although Swiss, Australian and US private schools and universities all attract students from abroad, the private boarding schools of the UK are still regarded as the “gold standard”. This has meant a rush of applications for top British public schools from the globe’s richest families, particularly following the weakening of sterling since the referendum on EU membership in 2016. It’s effectively meant that the devalued pound means private education in Britain has become increasingly competitive.

 

So what’s the problem?

Essentially the issue is that visa applications can be long-winded, especially if the applicant has less than fluent English writing skills. Whilst the process itself is unavoidable, individuals will want to give themselves the very best chances of success first time.

At the time of publishing, citizens from China, Turkey and Russia do not have the ability to travel to the UK without a visa. The rules for obtaining a visa for entry into the UK are understandably draconian and can represent a sizeable barrier for individuals from those countries coming here to work and study.Therefore, anything that makes an applicant appear more favourable to the UK government can help to boost their chances of acceptance for a visa.

For example, applying from China for a UK tourist visa is a difficult process. Applicants must prove that they are coming to UK simply to travel, study and spend money, not to remain here.To prove to the UK government that an applicant’s intentions are honest, it is vital that they demonstrate a stable income and lifestyle in China. A host of supporting documents are essential, particularly the financial ones. In addition, applicants must also provideall previous travel documents (for example any expired passports showing old visas), a detailed study and/or employment history, a census form and – if self-employed – proof of business type and income.

All documents must be translated into English before being officially certified.

This whole process of preparing and translating the documents, correctly submitting them and then attending the visa application centre in China in person (run by UK Visas and Immigration) generally takes aroundone month. Indeed, the visa itself costs around £100 and success is by no means guaranteed.For citizens of other countries such as Russia and Turkey, the process is very similar.

Essentially, the application process for UK visitor, study or residence visas cannot be avoided and each application is judged on its own merits. But high net worth individuals in particular can make sure they present themselves in the very best light to give the highest chance of success, making second citizenship in particular very appealing.

 

How can second citizenship by investment help?

Obviously the UK immigration laws are binding and ultimately take full precedence. Students must, in any case, apply for a visa to come to the UK from abroad to study, whatever their financial or educational background. However, whilst circumventing the UK immigration process altogether is rightly impossible, gaining citizenship of certain third party nations has been regarded by many to potentially boost an applicant’s success. Not only does second citizenship bring with it a wealth of benefits, it means an applicant can better demonstrate high financial solvency and that they are of good character. It must be noted though that the only way to gain permanent residence in the UK is to apply for a residence visa and, as mentioned, young people wishing to study here will still need a student visa.

 

A passport to opportunity

Given that a child’s education can span anything up to 16 years or more, many parents from around the world see UK private education as a long term commitment. Enrolling a child into a British public school is, for many families, about much more than financial investment; it’s an investment into their future. Indeed, with the majority of high net worth individuals from abroad appearing unfazed by the impact of Brexit, the UK is still regarded as a global educational exemplar. With the chance for their children to study in the UK, learn English and gain educational experience critical to their social and financial standing, applications from abroad are booming.

 

Contact us

If you are interested in any aspect of citizenship by investment or would like to speak to our expert team, please do get in touch today. We will be pleased to assist in any way we can.

You can email us on contact@citizenshipsbyinvestment.com or use our contact form.

Brexit and Why You Should Consider a Second Passport

With Brexit looming large in everyone’s minds, it’s no surprise that recent months and years have seen an explosion in applications from UK residents looking to retain some security via a second passport.

The concept of “dual” or “second” citizenship is perfect for high net worth individuals who are hunting for international mobility and business opportunities in order to remain successful. It’s vital for not only allowing them to gain access to two passports and two social service systems, it also means there is no lengthy or time-consuming paperwork to be done to apply for a visa.

Obtaining a second citizenship also has the added benefit of allowing the children and immediate family of dual citizens to enjoy global citizenship for themselves. This is essentially because children of school or university age can receive the benefits of educational advantages, subsequent favourable economic prospects, plus social protection, right from the very beginning. Dual citizenship is also very attractive to individuals who value the chance to live in a prosperous, stable, peaceful environment within a growing socio-political country. It is also a great option for those who wish to expand their horizons and embrace new destinations and cultures.

The Impact of Brexit

One of the biggest implications in leaving the European Union for British people is that they will not be citizens of the EU. This means they will no longer have the right to free movement across EU countries, or to permanently live in any other EU member state. They will also give up the right to equal treatment in other EU member countries according to the same terms as nationals already living in those countries. In many ways this is an unappealing prospect for business people and for those of high net worth.

How is Citizenship Normally Obtained?

Generally speaking, second passports can be achieved in one of three ways: ancestrally (your family originates from there), organically (by naturalisation), or financially (by investment). The organic method is particularly difficult as it usually means a long naturalisation processes, often of anything from 5 to 10 years. Some countries, like France for example, also demand that would-be citizens learn French proficiently. It also asks for proof of integration as well as a citizenship test.

Although the UK government has said that around 900,000 British citizens are “long-term residents” of other EU member countries, it cannot be assumed that they will automatically be allowed to stay unless they adhere to their host country’s naturalisation criteria. Marriage still offers some shortcut, but restrictions are still applicable, for example, Ireland stipulates three years of marriage must have passed before you can naturalise, whereas France states four years with three spent in the country. For UK citizens who are suddenly facing the distinct possibility of a no-deal Brexit (and yet more uncertainty even if there is a deal) meeting requirements for second passports has, for many, become a sharp priority.

Citizenship by Investment Programmes

For high net worth individuals there is also have the option of investing your way to European Union citizenship where countries such as the Netherlands, Spain and Malta, Spain will accept a financial investment intothe country exchange for a fast-track route to citizenship.

Within the EU, Malta is currently the least expensive, stipulating that an individual should have a minimum of one year’s residency alongside an investment of 1.15m euros. Further afield and away from the EU, there are many thriving and popular schemes courtesy of Caribbean nations including Antigua and Barbuda, St Kitts and Nevis, Dominica, St Lucia and Grenada. Criteria and investment amounts vary between nations. However, Citizenship by Investment has been booming since the mid-80s so is certainly a well-established route to take when a second passport is the end goal.

 

Interested in Finding Out More?

If you have any questions about Citizenship by Investment or would like to discuss your options, please do get in touch with our expert team who will be pleased to help. Contact us today.

How to Buy a Second Passport

It’s been the must-have item for many individuals of high net worth in recent years: a second passport (and in some cases even a third or fourth).

There are currently nearly 30 countries across the globe, including many in the EU, where an individual with financial resources to investcould acquire a whole new citizenship for a price. In fact, Citizenship by Investment programmes – or CIPs as they’re also known – are doing very well indeed.

The criteria for each country’s programme varies, as do costs, which range from as little as US$100,000 to as much as US$2.5 million. The principle remains the same though, in essence giving the chance for wealthy people to invest money in business or property. They can also simply donate cash or purchase government bonds, in return for citizenship and a second passport.

Background to Citizenship by Investment

The first scheme launched back in 1984 in the Caribbean, a year after cash-strapped, newly created St Kitts and Nevis gained independence from the UK. Initially slow to get going, the concept picked up in momentum quicklyafter 2009 when citizens from the Caribbean island nation were granted travel visa-free to the Schengen zone of 26 European nations.

Such schemes can be a massive boost for poorer countries in particular, helping them out of debt and often becoming their largest export. Indeed, the International Monetary Fund has cited St Kitts and Nevis as having earned 14% of its GDP this way in 2014, whilst some estimates are even higher.

Why is this Interesting for Wealthy Citizens of Developing Countries?

Although the schemes are not new they are growing rapidly, driven by wealthy private investors from emerging market economies including Russia, Turkey, China, Vietnam, India, Brazil and Mexico, as well as the Middle East.

Having a second passport can help to expand your investment horizons, offer enhanced freedom to work and travel abroad and could even save your life. In a world where governments are imposing tighter and tighter regulations on their citizens, a second passport is seen by many individuals almost as a kind of insurance policy.

Possessing dual citizenship can also dramatically increase your economic and personal freedom and is essentially a vital step in internationalising your life so that no single government “owns” you. This can mean great peace of mind, as it offer another place to turn to in case of any political or economic chaos.

Finally there’s always the simple fact that some country’s passports simply aren’t as good as others. For instance, if you own a passport that doesn’t offer visa-free travel to Europe or North America, you’re pretty limited in your abilities to carry out business in a number of the world’s largest economies. Take Saudi Arabia’s citizens, for example. Saudi passport holders cannot travel to the UK, China, Japan, the US, France, Germany and India without a visa which means they are excluded from countries with a GDP of more than $2 trillion. Additionally, Russia, much of South America and all of Australia is also off-limits to Saudi citizens unless they obtain a visa. This can all make Citizenship by Investment incredibly attractive.

 

Looking to Find Out More?

If you have any questions about Citizenship by Investment or would like to discuss your options, please do get in touch with our expert team who will be pleased to help. Contact us today.

Caribbean Citizenship by Investment

Citizenship by investment is a fantastic opportunity both professionally and personally. It essentially means that you and your family can achieve full citizen status in a country where you have no family ties or previous connections, and gain a second passport at the same time.

Caribbean nations in particular have long been favourites for investors who wish to gain dual citizenship in this way. Thanks to the fantastic sandy beaches, laidback lifestyle and thriving, stable economies, top places include Antigua, St Lucia and Dominica amongst many others.


What exactly is Citizenship?

Normally, a person’s citizenship relates to where they were born, who they are married to, or where they’ve spent most of their life living. In real terms, it’s the relationship between a person and a country, whereby the country grants the citizen certain rights. These generally include the right to work, own property and vote. In return, the individual agrees to adhere to the laws of the country and respect its customs. It gives people a common identity.

Some people may achieve citizenship of a country by a process of naturalisation. This usually involves having to live in that country for a certain number of years, or by investing a large amount into the country to support its economy. In this latter case, it is known as ‘citizenship by investment’.


What is Citizenship by Investment?

Citizenship by investment is a method of securing a second citizenship (and passport) by ploughing money into the host country’s economy. This is usually by purchasing particular types of property, or by making a substantial contribution to a particular government fund.

Citizenship by investment programs often provide citizenship status much more quickly than standard immigration processes which is great for investors who simply want to get on with it.


Why do people want to obtain a second citizenship?

There are all sorts of reasons why somebody might want a second citizenship, particularly in a Caribbean nation.These can range from increased global mobility and better trading opportunities to simply wishing to pursue a more comfortable way of live.

It’s quick too. An application may well be approved in as little as three months and offers citizenship for the rest of that person’s life. This in turn provides visa-free travel via a new valid passport as well as the chance for the applicant’s family to achieve the same. Indeed, economic citizenship opens up a fantastic world of possibilities to any investor of high net worth.


Security

For many investors, a second passport from a peaceful, stable country can literally be a life-saver if any kind of political or economic unrest should occur in their own country. It effectively acts as an insurance policy which many investors and their families hold in high regard.

Global Mobility

Not all passports are created equal, and many are actually quite restrictive when it comes to visa-free travel. This forces citizens to require visas whenever they wish to travel abroad which can be a real headache.

A second passport – and dual nationality – can therefore provide many individuals with greater mobility. For instance, a Pakistan passport allows entry visa-free into only 26 countries, whereas a Cypriot passport provides visa-free entry to 145 countries. This difference in international mobility can all add up to a huge amount of time saved on visa application forms and is therefore very attractive to business people across the world.

Business and tax management

Citizenship by investment programs open up all sorts of business opportunities to investors that were not previously available. This is largely due to the fact that they can now conduct their business in the host country as well as travel abroad more easily.

Dual citizenship in the Caribbean is also often advantageous for tax purposes. Many of these countries do not subject their citizens to income or capital gains tax, as well as gift tax or inheritance tax. This of course all means that people can manage their wealth more effectively and efficiently.

Family

Citizenship by investment programs in Caribbean countries also extend citizenship to the family members and dependants of the main applicant. This allows investors to enjoy a better, more prosperous future for their spouse, children and even older parents/grandparents. Second citizenships also provide access to world-class education, health care and an improved lifestyle.

Education

As a global citizen, education is the foundation of a happy, financially successful life. Investment in a second citizenship can mean instant access to the best schools and universities in the world. For applicants and their children, it makes them eligible for domestic fees instead of the much more expensive international tuition fees.

Which Caribbean countries offer Citizenship by Investment Programs?

Although a number of countries provide citizenship by investment programs, the Caribbean islands were some of the first ones to do so and they are very well established. Having been growing in popularity ever since their inception in the 1980s, citizenship programs have thrived in Antigua and Barbuda, Dominica, St Lucia, Grenada and St Kitts and Nevis especially. The number is only set to increase as more and more countries realise the economic benefits of opening their doors to overseas investors.

What do Caribbean countries gain from Citizenship by Investment Programs?

The main attraction is simply because these schemes bring in much-needed direct foreign investment. Caribbean nations can use the resulting funds to invest in essential projects of their choosing, such as business development, real estate development and the creation of jobs. CBI programs are also very appealing to the world’s finest talent and with this talent comes great financial knowledge.

For instance, St. Kitts & Nevis applicants can choose to invest in the Sugar Industry Diversification Foundation as part of their CBI. The idea of this is that it assists the government in diversifying the nation’s economy so boosting economic growth. The foundation is in support of the government, but also takes on new projects independently. To date, the Sugar Industry Diversification Foundation has invested over US$55 million into the development of St. Kitts & Nevis.

 

How much does it cost for second citizenship in the Caribbean?

The below tables provide an indication of the costs involved in obtaining a second passport from certain Caribbean countries. They both apply to a single applicant.

Table 1 – Non-Refundable Contribution to Government Fund:

Fee typeAntigua and BarbudaDominica GrenadaSt. Kitts and NevisSt. Lucia
Non-refundable contribution$200,000$100,000$200,000$150,000$100,000
Government fee$25,000$1,000$3,000$0$0
Due diligence fee$7,500$7,500$5,000$7,500$7,500
Other fees$300$825$270$355$2,000
Total$232,800$109,325$208,270$157,855$109,500

Table 2 – Real Estate Purchase:

Fee typeAntigua and BarbudaDominicaGrenadaSt. Kitts and NevisSt. Lucia
Real estate purchase$400,000$200,000$350,000$400,000$300,000
Government fee$50,000$53,000$50,000$50,047$50,000
Due diligence fee$7,500$7,500$5,000$7,500$7,500
Other fees$300$825$3,000$355$2,000
Total$457,800$261,325$408,000$457,902$359,300

Interested?

With investment in the Caribbean offering such a huge range of advantages for both you and your family, it may just be the best decision you have ever made.

For more information or to discuss your plans for Citizenship by Investment with us, please do fill out our further information form and get the balling rolling today.

 

Citizenship by Investment in Grenada

With just shy of 110, 000 residents and a thriving economy, Grenada is aCaribbean country with its own unique identity.

Made up of a main island, also called Grenada, and several smaller islands that surround it, Grenada has long been affectionately known as the “Spice Isle” thanks to its many nutmeg plantations. The bustling capital St. George’s overlooks the enchanting narrow Carenage Harbour, whilst to the south is Grand Anse Beach, with its assortment of bars and eateries.

Having gained independence in 1974, Grenada is a member of the UN (Commonwealth of Nations, the United Nations), the CARICOM (Caribbean Community), the OECS (the Organisation of Eastern Caribbean States), and the OAS (Organisation of American States). It has a democratic system with its own parliament.

The population of Grenada is very well educated, with an educational system very similar to that of the UK. St George’s University can be found in the island’s capital, offering a range of courses including veterinary science and medicine. Welcoming more than 6,000 students a year, the university is classed as being one of the very best offshore higher education establishments in the world.

Where is Grenada located?

Grenada is part of the Lesser Antilles in the Windward Islands. Made up of the main island of Grenada as well as Petite Martinique and Carriacou, the Grenadian islands are situated near Trinidad and Tobago in the south-eastern Caribbean Sea.

Grenada is easily accessible from London, Toronto, Miami and New York using its main airport in the capital.

Citizenship by investment

Grenada’s Citizenship by Investment Programme allows investors and their families to obtain a second citizenship in exchange for an economic contribution to the country.

Successful applicants will enjoy travel visa-free to over 120 countries worldwide including the UK, EU, Brazil, China, Singapore and Hong Kong.

Minimum requirements:

In order to be eligible for Citizenship by Investment in Antigua and Barbuda, an individual must meet the following criteria:

• Be aged 18 years or over
• Have no criminal record
• Be of good character
• Pass a background checking process
• Be able to source the required funds and to provide proof of those finds
• Be in good general health

Note: Investors may apply with their families which include a spouse and any dependent children. In certain cases, they may also submit an application with dependent elderly relatives such as parents or grandparents. However, each person in the family will be approved individual to meet with Grenada’s governmental due diligence requirements.

Benefits of citizenship by investment in Grenada

• Full citizenship status
• Dual citizenship
• Visa-free travel to more than 120 countries (including the Americas, Asia, United Kingdom, the EU, Oceania, Africa and China)
• Eligibility for a US E-2 Visa as a citizen of a recognised treaty country
• Excellent educational opportunities for children
• All nationalities are eligible to apply
• No interview requirement
• No need to visit Grenada at any point in the application process
• Low processing fees
• Fast processing time
• No English language requirement
• Total discretion
• Political, social and economic stability
• No capital gains tax, foreign income tax, inheritance tax or gift tax

How can someone invest in Grenada?

An applicant and their family may achieve citizenship by investment in one of the following ways:
• A single contribution to the EDP (Economic Diversification Fund)
• By investing in pre-approved real estate

National Transformation Fund (NTF)

Launched in 2013, the NTF raises capital to help finance various development projects to directly benefit Grenada and its people. The NTF contribution option is the preferred way for many people to achieve the citizenship in Grenada, with the minimum payment being US$150,000.

Investing in Pre-Approved Real Estate

The second way an individual can gain citizenship in Grenada is by purchasing property that has been pre-approved as suitable. Applicants must own the property for a minimum of 3 years before they can sell it and the estate must be worth at least US$350,000.

Citizenship by Investment in St Lucia

St Lucia is a beautifully lush tropical island nation situated in the Caribbean.It’s famous for its warm year-round sunshine, laid back atmosphere and thriving economy.Despite having gained independence from the UK in February 1979, Queen Elizabeth II still remains the country’s Head of State.

St Lucia is part of the UK (United Nations), Commonwealth, the CARICOM (the Caribbean Community), the International Organisation of La Francophonie, the OECS (Organisation of Eastern Caribbean States)and the OAS (Organisation of American States). The country’s economy is heavily based around banking and tourism, as well as being a big international exporter of bananas, malt beer and oil. The island is also had a proud musical culture, hosting events such as the annual St Lucia Jazz Festival.

Where is St Lucia located?

St Lucia can be found just south of Martiniqueand north of St Vincent and the Grenadines in the Caribbean sea. Its capital, Castries, has an international airport with direct flights from a large number of cities across the USA, Canada and the UK. There are also plenty of island hopper connections from St Lucia to neighbouring Caribbean enclaves.

Citizenship by Investment

St Lucia was the last country in the Caribbean to create a citizenship by investment program which launched in January 2016.

The scheme allows investors and their families to gain citizenship to St Lucia by investing in the country. Successful applicants are able to travel without a visa to over 120 countries across the world, including the UK, EU, Singapore and Argentina.

Minimum Requirements

In order to be eligible for citizenship by investment in St Lucia, individuals must meet some basic criteria from the outset. They must be:
• 18 years or older
• Of good character
• In good health
• Able to pass a detailed background check
• Free of any criminal record
• Able to provide a banker’s reference

Note: Investors may apply with their families which include a spouse and any dependent children. In certain cases, they may also submit an application with dependent elderly relatives such as parents or grandparents.

Benefits

• Full citizenship status including travel visa-free to over 120 countries. These includeNorth and South America, Argentina, the UK,the EU, Africa, Asia and Oceania.
• Dual citizenship
• Open to all nationalities
• No necessity to visit St Lucia at any point over the application process
• No need for an interview
• No requirement to speak English
• Fast processing time
• Low processing fees
• Political, social and economic stability
• No capital gains tax, foreign income tax, inheritance tax or gift tax

How can someone invest in St Lucia?

Citizenship by investment can be achieved by investors and their families in one of four ways:
• By making a one-off payment to the NEF (National Economic Fund)
• By investing in a pre-approved enterprise project
• By purchasing pre-approved real estate
• By purchasing Government bonds

National Economic Fund

The purpose of the National Economic Fund (NEF) is to generate funds which are used in supporting St Lucia’s economy.

If this is the option an applicant chooses, the minimum payment required will be US$100,000.

Investing in Pre-approved Real Estate

Applicants choosing the pursue citizenship by investing in property by buy and maintain ownership of that property for a minimum of5 years. The real estate value must be at least US$300,000.

Investing in a Pre-approved Enterprise Project

St Lucia is slightly different to other Caribbean nations in that it gives investors the chance to invest in a pre-approved enterprise project. If an applicant wishes to invest as an individual, it is essential that they invest at least US$3,500,000whilst creating at least 3 full time jobs in the process. However, if an applicant wishes to make a joint application with one or more other applicants, they will need to invest a minimum of US$1,000,000. The investment as a whole must amount to at least US$6,000,000 and generate at least 6 permanent job roles.

Purchasing Government Bonds

St Lucia is the only country in the Caribbean that gives the option to buy Government bonds at no interest. Essentially, these bonds must be retained for at least 5 years, and applicants must invest a minimum of US$500,000.

Citizenship by Investment in St Kitts and Nevis

St Kitts and Nevis offers the ideal mix of relaxation and laid back appeal alongside outstandingworld class business opportunities. With its excellent sandy beaches, sparkling topaz sea and great selection of high-end golf courses, it has long been regarded as one of the most business-friendly environments on the planet. It particularly caters to entrepreneurs looking to set up companies and enjoy the associated tax benefits.

Until 1983, St Kitts and Nevis was under British rule but has since thrived as an independent nation. It is a member of the Commonwealth, as well as CARICOM (the Caribbean Community), the UN (United Nations), the OAS (Organisation of American States) and the OEC (Organisation of Eastern Caribbean States).

The official name for St Kitts and Nevis is ‘The Federation of St Christopher and Nevis. Flights are plentiful and regular directly from the UK, the US and Canada.

Where is St Kitts and Nevis located?

The islands of St Kitts and Nevis are found nestled between the Atlantic Ocean and the Caribbean Sea. Its fantastic tropical climate and friendly relaxing welcome make both islands a fashionably upmarket tourist destination all year round.

The country is proud to also be one of the most eco-friendly places on earth, with Nevis in particular leading the way in geothermal energy.

Citizenship by investment

The citizenship by investment scheme of St Kitts and Nevis is one of the longest running ones in the world, having been established in 1984. It’s run by the Citizenship by Investment Unit.

Successful applicants will enjoy the benefits of a stable economy as well as visa-free travel to over150 countries worldwide including the UK, EU, Singapore, Hong Kong and Brazil.

Minimum requirements:

In order to be eligible for citizenship by investment in St Kitts and Nevis, individuals must meet the following basic criteria from the outset:
• Be aged 18 years or over
• Have no criminal record
• Be of good character
• Pass a background checking process
• Be able to source the required funds and to provide proof of those finds
• Be in good general health

Note: Investors may apply with their families which include a spouse and any dependent children. In certain cases, they may also submit an application with dependent elderly relatives such as parents or grandparents.

Benefits of citizenship by investment in St Kitts and Nevis

• Full citizenship status
• Dual citizenship
• Visa-free travel more than 150 countries, including the Americas, the EU, United Kingdom, Asia, Oceania, Brazil and Africa)
• No necessityto visit St Kitts and Nevis at any time
• No interviews
• The ability to speak English is not essential
• Fast processing time
• Low processing fees
• Total discretion
• Economic, political and social security
• No inheritance tax, capital gains tax, foreign income tax or gift tax
• Professional business environment with outstanding asset protection services
• 60-day processing for those choosing the premium Accelerated Application Process (additional fee applies)

How can someone invest in St Kitts and Nevis?

Applicants and their families may achieve citizenship of St Kitts and Nevis in one of three ways:
1. By contributing to theSIDF(Sugar Industry Diversification Foundation)
2. By contributing to the SGF (Sustainable Growth Fund)
3. By investing in pre-approved real estate

Contribution to the Sustainable Growth Fund

Having been set up by the St Kitts and Nevis Government in the spring of 2018, the SGF is a pot of funding set aside for supporting things like infrastructure, health and education.It also aims to protect the area from the effects of climate change, to boost the economy and to protect the country’s diverse culture and heritage.

To apply for citizenship, a main applicant must pay US$150,000, plus a US$25,000 investment for their spouse. A further US$10,000 is also required per dependent, including any children or elderly relatives.

The Sugar Industry Diversification Foundation

This option is a particularly popular one for gaining citizenship by investment in St Kitts and Nevis. Set up in 2006, the Sugar Industry Diversification Foundation is a public charity that is designed to assist the Government in the diversification St Kitts and Nevis’ economy.

If an applicant wishes to choose this path to citizenship, the contribution required currently stands at a minimum of US$250,000.

Investment in Pre-approved Real Estate

The final option in achieving citizenship by investment requires the purchase of real estate which has already been approved by St Kitts and Nevis government.

The minimum investment amount with this option is US$400,000 and an individual must continue to own the property for a minimum of 5 years after citizenship has been awarded. As an alternative, an applicant can choose to invest into a share system with a minimum of US$200,000. In this case, the real estate must be retained for at least seven years to avoid the risk of citizenship being withdrawn.With both real estate options, additional Government fees will apply.

Citizenship by Investment in the Commonwealth of Dominica

Dominica is a Caribbean island in the West Indies boasting glorious year round sunshine, stunning beaches and enchanting tropical rainforests. It also offers a very attractive citizen investment scheme.

With an incredible 91 miles of coastline, active thermal lakes and a relaxed, welcoming atmosphere, Dominica has long been a favourite for holiday makers and ex-pats alike.

Following both French and British rule over its history, Dominica achieved independence from the UK in 1978. It is a member of the UN (United Nations), Commonwealth of Nations, CARICOM (the Caribbean Community), the International Organisation of La Francophonie, OECS (the Organisation of Eastern Caribbean States), and the OAS (the Organisation of American States).It has a parliamentary democracy with a Presidential head of state, and also enjoys a vibrant culture, with both African and European traditions.

Where is Dominica located?

Dominica is situated between the North Atlantic Ocean and the Caribbean Sea. It is roughly halfway between Trinidad and Tobago and Puerto Rico.

The island is within easy reach of Europe and the US, with flights stopping over in Puerto Rico (SJU), St Maarten (SXM), Antigua (ANU), Martinique (FDF), Barbados (BGI) and Guadeloupe (PTP).
Citizenship by investment

Dominica has been offering citizenship by investment since 1993. The program itself is very well established and means an individual and their family will have full citizenship in exchange for afinancial contribution to the country.

Applicants who are successful will also enjoy visa-free travel to around 120 countries including the UK, EU, Singapore, Hong Kong and Brazil.

Minimum requirements:

To apply for citizen by investment in Dominica, an applicant must:
• Be aged 18 years or over
• Have no criminal record
• Be of good character
• Pass a background checking process
• Be able to source the required funds and to provide proof of those finds
• Be in good general health
Note: Investors may apply with their families which include a spouse and any dependent children. In certain cases, they may also submit an application with dependent elderly relatives such as parents or grandparents.

Benefits of citizenship by investment in Dominica

• Full citizenship
• Dual citizenship
• The ability to travel visa-free to more than 130 countries (including the United Kingdom, Europe, Africa, North and South America, Oceania and Asia)
• Low application fees
• Fast processing times
• Stability politically, socially and economically
• No requirement to speak English
• No need for an interview
• No capital gains tax, foreign income, inheritance or gift tax
• No requirement to spent any time in Dominica, either before, during or after citizenship is granted

How can someone invest in Dominica?

An applicant and their family may achieve citizenship by investment in one of the following ways:
• A single contribution to the EDP (Economic Diversification Fund)
• By investing in pre-approved real estate

Economic Diversification Fund (EDF)

The EDF option has long proven to be the most desirable, perhaps as there is no long term financial commitment.

The Economic Diversification Fund itself is a pool of money set aside by the government to support economic development in Dominica. The minimum contribution an applicant must make is US$100,000. Euros and British Pounds are also accepted.

Investment in Pre-approved Real Estate

Applicants who choose this pathway must buy property in Dominica in order to obtain their citizenship. Once citizenship is achieved, they must also not sell the property for at least 3 years. If the individual wishes to sell on the property to another individual who is applying for citizenship by investment, then it must be retained for a minimum of 5 years.

The total amount of investment in the property must amount to at least US$200,000. British Pounds and Euros are also accepted.

Citizenship by Investment in Antigua and Barbuda

The twin islands of Antigua and Barbuda make up a country in the West Indies, situated between the Atlantic Ocean and the Caribbean Sea. Alongside it, there are several smaller islands including Long Island, Guiana, Redonda, Green, Great Bird, Maiden and York Islands. According to the 2011 Census, there are around 82,000 permanent residents of Antigua and Barbuda, and the biggest port and city is St. John’s, located on Antigua.
With a year-round temperate climate, fantastic white sand beaches and azure blue sea, Antigua and Barbuda is understandably very popular with tourists. The islands are also renowned for holding the world-famous maritime Antigua Sailing Week.
Having been an independent Commonwealth state since 1981, Antigua and Barbuda has membership of a number of organisations includingthe Organisation of American States (OAS), the Organisation of Eastern Caribbean States (OECS),Caribbean Community (CARICOM) and theUnited Nations (UN).
Antigua and Barbuda’s ruling government offers generous tax advantages to those who reside there, as well as an appealing business environment.
Where are the islands of Antigua and Barbuda located?

Antigua and Barbuda are part of the Leeward Islands and are located on the border between the Atlantic Ocean and the Caribbean Sea. The international airport can be found in St John’s and offers direct flights to the UK, Canada and the USA.

Citizenship by investment

One of newest CBI programs to be launched, the Antigua and Barbuda Citizenship by Investment initiative has existed since 2013.Citizenship is gained by an applicant making a significant financial contribution to the country’s economy.

Once successful, an applicant and their family can enjoy visa-free travel to more than 130 countries across the world, including the UK, European Union, Hong Kong and Singapore.
Minimum requirements:

In order to be eligible for Citizenship by Investment in Antigua and Barbuda, an individual must meet the following criteria:
• Be aged 18 years or over
• Have no criminal record
• Be of good character
• Pass a background checking process
• Be able to source the required funds and to provide proof of those finds
• Be in good general health

Applicants must also spend a minimum of 5 days on Antigua and Barbuda during a period of 5 years. It does not matter which of the islands the 5 days are spent on, as long as they all occur over the 5 years.

Note: Investors may apply with their spouse and dependent children. In certain cases, they may also submit an application with dependent elderly parents or grandparents.

Benefits of citizenship by investment in Antigua and Barbuda

Once an applicant has been accepted and full citizenship acquired, they are then free to enjoy the following:

• The ability to travel visa-free to more than 130 countries (including the United Kingdom, Europe, Africa, North and South America, Oceania and Asia)
• A visit to either Antigua or Barbuda for just 5 days in a 5 year period once citizenship is granted
• Relatively inexpensive processing fees
• Stability politically, socially and economically
• No requirement to speak English
• No need for an interview
• Dual citizenship
• No capital gains tax, foreign income, inheritance or gift tax

How can someone invest in Antigua and Barbuda?

An investor and their family can become a citizen by investment in Antigua and Barbuda by:
• Making a one-off payment to the NDF (National Development Fund)
• Making apre-approved business investment
• Making an investment in real estate (it must be pre-approved real estate though)
• Participating in the West Indies Fund

Limited Offer for 2019

Until 31st October 2019, the requirements below are in force as a limited time offer.

NDF Contribution
• Families with a maximum of 4 people: US$ 100,000
• Families with a maximum of 4 people: US$ 125,000

Real Estate Investment
• Applications of one main applicant, plus an unlimited number of dependants: US$400,000
• A joint application containing 2 main applicants(plus any number of dependants): US$200,000 (the total investment value must be US$400,000)

National Development Fund (NDF)

Antigua and Barbuda’s National Development Fund (NDF) was set up by the Government to sponsor projects aimed at supporting and diversifying the country’s economy. Under the NDF option, an investor must contribute a minimum of US$100,000 plus US$25,000 Government fees, so US$125,000 for the application of one main individual.

Investment in Pre-approved Real Estate

Investment under the pre-approved real estate option must equate to at least US$400, 000.

This option stipulates that applicants must purchase property and this property can only be resold after 5 years. Ownership through a company is permitted, as long as it’s a non-profit company and which has passed over all shares to the applicant. The company must also be well-established and in good financial health according to Antigua and Barbuda law. It must not be exempt or an offshore entity.

Pre-approved Business Investment

This second option means an applicant can invest in a business that has been pre-approved by the CIU (Citizenship by Investment Unit). The CIU works in conjunction with the ABIA (Antigua and Barbuda Investment Authority) and individuals can choose to either:
• Invest a minimum of US$1,500,000 into an approved business
• Invest a minimum of US$400,000 into a joint investment in partnership with a second applicant, as long as the joint investment amounts to US$5,000,000 or more.

West Indies Fund (UWI Fund)

This fund is dedicated to financing Antigua and Barbuda’s university campus.
To choose this option, an applicant must be part of a family of at least 4 people. Once part of the UWI Fund, individuals with citizenship by investment are entitled to send one family member to the University of the West Indies under a oneyear scholarship.